Tidewater Midstream and Infrastructure (TSE:TWM) Posts Earnings Results

Tidewater Midstream and Infrastructure (TSE:TWM) announced its earnings results on Thursday. The company reported C($1.58) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$353.90 million during the quarter. Tidewater Midstream and Infrastructure had a negative return on equity of 119.01% and a negative net margin of 19.93%.

Tidewater Midstream and Infrastructure Stock Performance

Tidewater Midstream and Infrastructure stock opened at C$5.39 on Friday. Tidewater Midstream and Infrastructure has a twelve month low of C$2.10 and a twelve month high of C$6.42. The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 183.03. The company has a market capitalization of C$116.40 million, a P/E ratio of -2.07, a PEG ratio of 0.64 and a beta of -0.15. The stock’s 50 day moving average is C$5.85 and its 200 day moving average is C$4.90.

Analyst Upgrades and Downgrades

Separately, Scotiabank upped their price target on Tidewater Midstream and Infrastructure from C$6.00 to C$7.00 and gave the stock a “sector perform” rating in a research note on Monday, October 20th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of C$6.25.

Tidewater Midstream and Infrastructure Company Profile

Tidewater Midstream and Infrastructure Ltd is a Canadian company that is engaged in providing midstream infrastructure and a natural gas storage facility. It mainly focuses on the purchase, sale, and transportation of Natural Gas Liquids (NGLs) such as propane and natural gasoline throughout North America and export to premium markets.